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Finance 06/07/2018 ASIA ALLIANCE BANK implements trade finance deal with support of KazakhExport
ASIA ALLIANCE BANK implements trade finance deal with support of KazakhExport
Tashkent, Uzbekistan (UzDaily.com) -- ASIA ALLIANCE BANK successfully implemented a transaction jointly with Export Insurance Company KazakhExport and Alfa Bank for a total sum of US$1.5 million.

The main tasks of the Bank’s foreign economic activity are attracting the resources of the world financial institutions to finance the branches of the economy of Uzbekistan, the fullest satisfaction of the demands of its customers, effective participation in the work of authoritative international financial organizations.

Under the agreement, KazakhExport provided insurance coverage for the letter of credit issued by ASIA ALLIANCE BANK. Alfa Bank (Kazakhstan) acted as a confirming and financing bank for this letter of credit.

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